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Berkshire Hathaway Keeps Selling Its Bank of America Stock. Should Investors Be Concerned?
BACBank of America(BAC) The Motley Fool·2024-07-30 10:45

Berkshire Hathaway has dumped 52.8 million shares of Bank of America stock in the last six days.Berkshire Hathaway (BRK.A 0.13%) (BRK.B 0.15%) sold off nearly 52.8 million shares in Bank of America (BAC -1.39%), its second-largest holding, over the course of six days in late July. The stake amounted to around $2.3 billion, and it is the first time Berkshire has trimmed its position in the second-largest U.S. bank since 2019.Bank of America (BofA) stock has performed well since Berkshire first invested in it ...